The Graveyard › Banks › 1985
First City Bank
Glendale, CA · failed December 20, 1985 · FDIC certificate 22698
First City Bank of Glendale, CA failed on December 20, 1985. It opened on August 11, 1978, 7 years before. At its last report before that it held $35.8 million in assets and $28.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $42.4 million. The FDIC estimates that the FDIC's insurance fund lost $5.9 million on it.
1984-031985-09
Assets at the end$35.8 millionlast report before December 20, 1985
Deposits at the end$28.8 million
Estimated loss to the fund$5.9 millionFDIC
Largest in the quarterly reports$42.4 millionMarch 31, 1985
Equity to assets0.6%September 30, 1985
Loans not being repaid1.7%noncurrent, September 30, 1985
Return on assets-3.12%a year's rate, September 30, 1985
Staff25full time, September 30, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.